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RE: 10+ Basic Income Projects & New Giveaway 😁

in #contest7 years ago

Okay for some reason I can't reply to the last thing you posted. I don't know why but it must be a multithreading issue. Discord is much better for long talks I think. lol. If you do try it, let me know. I managed to figure out how to get a MEW and Metamask. So I have those addresses in addition to my coinbase etherium addresses. But I know tokens are different right? I can't send/receive tokens to coinbase, only through mew or meta correct?

So do I have to put my etherium into my meta so that there's something in there or else I can't claim tokens?

I also noticed many token airdrops say no US IP's, so I would need a VPN?

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You can't send ERC20 tokens to Coinbase at this point. They may enable that in the future. I hope you made the paperwallets offline. It's recommended by most people to make them offline. It's possible somebody could see your private key while you're online or malware could record it. It's very easy. You just save the page to your desktop and then unplug your internet. Optimally, you should make them on a computer that never touches the internet. That's kind of impractical for most people unless they have an extra computer laying around. I'll see if I can find you some videos I used to help me figure it out. I don't use Metamask because you're logging in online. I generally just hold my coins in my wallet and then when I spend them or use them, I just create a new wallet. And burn the other one. Once you reveal your private keys online or your password, you can't be sure if it's compromised. Also, with Metamask, your private keys have to still be on your computer the way I understand it. It's not a good idea to save them there. It's best to keep a few copies of the printed paper wallet and a copy of the private keys on a zip drive if you want to. If you're not holding a lot of money in it, it's not a huge deal. But, I still usually go the extra measure unless I'm going to take the money out of the paper wallet within a few minutes. I hope that makes sense.

No, you don't have to have anything in them. It's your wallet address. When you do send an ERC20 token to your wallet, you have to adjust the settings on MEW so it will show up. Some people freak out because they think their tokens disappeared.

Yeah you usually do

I have paper offline wallets that I usually send anything over a few dollars to unless I'm using it (like SBD) actively. But for ERC20, the paper wallet generated with MEW can collect them also yes? I have a hardware wallet too but I haven't used it for everything, and it's older so it doesn't take everything. I don't want to trade everything into bitcoin. I actually want to hold and trade some of the newer coins. :)

Yes, MEW accepts all of them. I just operate directly from MEW when I want to use it. I would be careful with an older hardware wallet. There have been issues where the older software becomes incompatible and your coins can get stuck. That's a risk if some company doesn't keep their software up to date. You do have to add the token in MEW to be able to see it and use it. But, there's a list when you interact with your address. If your coin isn't on the default list, you can add it manually. Here are some helpful articles that explain it on the Help page. https://myetherwallet.github.io/knowledge-base/tokens/

This is a simple explanation of how to make a wallet with the internet cut off so it's secure. There's one thing I do differently though. There's no need to download the zip file. Just save the page and it opens the same way. But, either way.

This is for bitcoin wallet. But, he uses the technique saving the page like I do. I like how he emphasizes the security measures. Watch this and apply the same thing to the ether wallet.